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Article: Blue Cross chafes at high ranking on 'political' list. (Health Care).(Blue Cross of California has low medical loss ratio)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- April 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WELLPOINT Health Networks Inc. is among the nation's top health insurers, as measured by its growth in earnings, enrollees and stock price. But its California subsidiary is near the top of another list it would like to be off.
Blue Cross of California ranks among the state's top for-profit health plans with the lowest medical loss ratios, according to the California Medical Association's recently released summary of health plan expenditures.
A low loss ratio sounds good, right? Not necessarily, if you're a doctor or enrollee. The medical loss ratio measures the percentage of each premium dollar spent on medical care after administration and income is ...